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Chip giant and world\u2019s most valuable company Nvidia reported record profits<\/a> in its most recent quarter on Wednesday, as demand for AI compute continues to skyrocket.<\/p>\n \u201cThe demand for tokens in the world has gone completely exponential,\u201d CEO Jensen Huang said on a call with analysts following the results. \u201cI think we\u2019re all seeing that, to the point where even our six-year-old GPUs in the cloud are completely consumed and the pricing is going up.\u201d<\/p>\n The company reported $68 billion in revenue in the most recent quarter, up 73% from the prior year, with $62 billion of that revenue coming from the company\u2019s data center business.<\/p>\n Notably, Nvidia divided the data center revenue into $51 billion in compute revenue (largely GPUs) and $11 billion in networking products like NVLink. The company reported $215 billion in revenue for the full year.<\/p>\n As in previous quarters, the company did not report any revenue from chip exports to China, despite the recent lifting of export restrictions by the U.S. government. \u201cWhile small amounts of H200 products for China-based customers were approved by the US government, they have yet to generate any revenue, and we do not know whether any imports will be allowed into China,\u201d Colette Kress, the company\u2019s chief financial officer, said.<\/p>\n \u201cOur competitors in China, bolstered by recent IPOs, are making progress,\u201d she continued, in an apparent reference to Moore Threads\u2019 IPO in December<\/a>, \u201cand have the potential to disrupt the structure of the global AI industry over the long term.\u201d<\/p>\n During the investor call, Huang also addressed the company\u2019s pending investment in OpenAI, which has been reported at $30 billion<\/a>.<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tBoston, MA<\/span> \u201cWe continue to work with OpenAI toward a partnership agreement. We believe we are close,\u201d Huang said. He also referenced partnerships with Anthropic, Meta, and Elon Musk\u2019s xAI. However, statements Nvidia filed<\/a> with the U.S. Securities and Exchange Commission on Wednesday emphasized that there was \u201cno assurance\u201d an investment would take place.<\/p>\n Huang also addressed concerns about the sustainability of tech companies\u2019 capex commitments<\/a>, saying he believed the compute investments would soon bring revenue.<\/p>\n \u201cIn this new world of AI, compute is<\/em> revenue. Without compute, there\u2019s no way to generate tokens. Without tokens, there\u2019s no way to grow revenues,\u201d Huang said. \u201cWe\u2019ve reached the inflection point and we\u2019re generating profitable tokens that are productive for customers and profitable for the cloud service providers\u201d<\/p>\n<\/div>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tJune 9, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n